Indicators pose a cloudy picture

Indicators pose a cloudy picture

Enterprises’ big debts, large inventories, declining production capacities growing and growing number of closures and bankruptcies have illustrated a gloomy business prospect. Thanh Thu takes a closer look.
Binh now in full control of FPT

Binh now in full control of FPT

Truong Gia Binh has again assumed FPT chief executive officer post.
Projects get cement shoes

Projects get cement shoes

Continuing economic uncertainties have pushed cement plants into a corner.
Poor auto sales see tax figures spin out

Poor auto sales see tax figures spin out

Plummeting auto sales and imports have smashed tax figures.
Vietnam stock market loses $3.85 bln in 3 days

Vietnam stock market loses $3.85 bln in 3 days

The Vietnamese benchmark indices, VN-Index of Ho Chi Minh Stock Exchange (HoSE), and HNX-Index of Hanoi Stock Exchange (HNX) dropped 10 per cent and 13.4 per cent in the last three business days.
PVFC might use Western Bank as a bridge to change its status

PVFC might use Western Bank as a bridge to change its status

PetroVietnam Finance Corp. was reportedly eyeing to buy into poorly performing Western Bank so as to turn itself into a commercial bank.
Sky high inventories plague firms

Sky high inventories plague firms

Building materials producers have been knocked sideways by a hostile business climate.
More subsidised loans for business rolled out

More subsidised loans for business rolled out

Local banks have been rushing to make more subsidised loans available for corporate clients over the past three months.
Vietcombank: Bad debt still under control at 3 pc

Vietcombank: Bad debt still under control at 3 pc

The Bank for Foreign Trade of Vietnam (Vietcombank) announced on June 26 that its bad debt is still under control at 3 per cent.
EVN makes sober targets

EVN makes sober targets

Wounded EVN Finance plans modest business results for 2012.
Vingroup to launch int’l bond sale

Vingroup to launch int’l bond sale

Vingroup announced on Wednesday to issue an additional $115 million worth of convertible bonds on international markets prior to July 10.
PetroVietnam causes $874 mln state budget loss

PetroVietnam causes $874 mln state budget loss

The state-run Vietnam National Oil and Gas Group, or PetroVietnam (PVN), has made several wrongdoings in capital and asset management, as well as investing in non-core businesses, which cost the state budget a huge sum of VND18.2 trillion, or $873.6 million, the Vietnam State Inspectorate (VSI) told a press briefing yesterday.
Vietinbank refuses to sell stakes to Nova Scotia

Vietinbank refuses to sell stakes to Nova Scotia

The Vietnam Bank for Industry and Trade, better known as Vietinbank, will not sell its stake to The Canadian bank of Nova Scotia in the first quarter of this year, said a senior official of the bank.
Firms stand firm amid storm

Firms stand firm amid storm

Some production and business sectors have withstood the current tough business climate amid economic uncertainties.
ACB, Eximbank, Sacombank rumored to form new alliance: paper

ACB, Eximbank, Sacombank rumored to form new alliance: paper

The current alliance of Asia Commercial Joint Stock Bank (ACB)-the Vietnam Export-Import Commercial Joint Stock Bank (Eximbank) and other related individuals holds enough of a stake in Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) to call for an irregular shareholder meeting to form a new alliance.
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